Hotel Management - Revenue controls & Income Audit process
3.6 (19 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,486 students enrolled

Hotel Management - Revenue controls & Income Audit process

High level overview of required controls & process to ensure no frauds & leakages. Hotel controls & reporting
3.6 (19 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,486 students enrolled
Created by Manish Gupta
Last updated 12/2019
English
Current price: $14.99 Original price: $24.99 Discount: 40% off
2 days left at this price!
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This course includes
  • 2 hours on-demand video
  • 3 articles
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Understand Reporting & Recording Requirements in Hotels
  • Spot Checks and Verification needed to ensure completeness and accuracy
  • We will not learn how to make report
  • Understand Risks Involved in Hotel Industry Revenue Cycle and how analysis of various reports help mitigation
Requirements
  • Basic Understanding of Hotel Operations
  • Usual Daily Process of Income Audit
  • Basic Terminology Required
Description

Hotel / Restaurant Revenue & Collections are highly susceptible to frauds, Mis-use due to inherent risks, cash, high number of turnover. Efficient hotel management practices usually involves process to control the leakage of revenue & cash.

Hence to protect revenue there needs to be sufficient control system and check and balances.

This class is live recording of our Physical workshop in Yangon where we discussed various risks and counter checks to detect, prevent revenue leakages.

The class will continuously be updated based on feedback of students and their questions and more topics will be added in future,

If you are an revenue auditor, chief accountant, finance manager (from non-hospitality background), operation manager of rooms or F&B. this class will enable you to understand importance of various control measure and how to implement them.

Who this course is for:
  • Revenue Auditors
  • Chief Accountant / Finance Managers
  • Operations managers
  • Small Hotel Owners
Course content
Expand all 15 lectures 02:10:12
+ Introduction
6 lectures 44:05
Fundamental Terms Explained
09:21
Room Segmentation and why its important
13:01

This Lecture includes all soft copies used in course

Class Resources & Templates
00:06
+ Recording And reporting Requirements
2 lectures 16:02
Trial Balance
09:10
Sample format of Daily Revenue Reports
06:52
+ Control Aspects
5 lectures 01:00:07
Revenue Control Aspects
09:06
Rate Variance Report and Room Discrepancy Report
11:04
Rebates and Collection Controls
14:01
Other Reports Explained (Credit Card Batch,Comp Report, Entertainment Summary)
07:58
Spot Checks
17:58
+ Internal Audit Meeting
2 lectures 09:57
Audit Memo, Monthly Meeting & Minutes
08:54
BONUS LECTURE
01:03